FXCM Plans to Refinance Debt via Selling $125m Worth of Securities
Posted: Tue Jul 12, 2016 12:06 pm
FXCM Inc. (NYSE:FXCM) has filed with the SEC a prospectus which is outlining the intentions of the company to issue up to $125 million worth of new securities. There is no specific mention of what type of securities those might be, with shares, preferred shares and bonds all on the table.
The official announcement highlights that the firm could issue “class A common stock, preferred stock, debt securities, depositary shares, purchase contracts, warrants or units.” According to the SEC filing, the sale can be executed in one or more offerings.
The financial conditions on global debt markets have materially improved in recent ... (read more)